Khaitan & Co successfully advised Alkem Laboratories Limited and its office bearers in relation to a Competition Commission of India decision which penalised Alkem to the tune of INR 74.63 crores for allegedly facilitating the All Kerala Chemists & Druggists Association in its anti-competitive practices of demanding No Objection Certificates from stockists, and for indulging in anti-competitive practices.
An appeal was filed on behalf of Alkem against the CCI’s order before the Competition Appellate Tribunal which based on our arguments issued a decision allowing the appeals of Alkem and setting aside the CCI’s order.
Manas Kumar Chaudhuri, Partner; Sagardeep Rathi, Principal Associate; Pranjal Prateek, Senior Associate; Nikita Agarwal, Associate and Gaurav Bansal, Associate represented Alkem before the CCI and COMPAT.